At the beginning of 2015, Greene, Inc. showed the following amounts in the stockholders' equity section of its balance sheet: Stockholders' equity Capital stock, $1 par value, 1,000,000 shares authorized, 560,000 issued and outstanding 560,000 Additional paid-in capital: capital stock 4,480,000 Total paid-in capital 5,040,000 Retained earnings 3,000,000 Total stockholders' equity 8,040,000 The transactions relating to stockholders' equity during the year are as follows: January 5: Declared a dividend of $1 per share to stockholders on record on January 31, payable on February 18 February 18: Paid the cash dividend declared on January 5. The transactions relating to stockholders' equity during the year are as follows: January 5: Declared a dividend of $1 per share to stockholders on record on January 31, payable on February 18 February 18: Paid the cash dividend declared on January 5. June 15: Declared a 5% stock dividend to stockholders of record at June 22, to be distributed on June 30. Market price of the stock at June 15 was $11 per share. June 30: Distributed the stock dividend declared on June 15. REQUIRED: Prepare the entries related to the above transactions